Global legal practice is on the point of going the same way as accounting – with a small number of dominant players. By Christopher Stoakes
This summer UK law firm Clifford Chance announced that it was merging with US firm Rogers & Wells and German firm Pünder, Volhard, Weber & Axster to create the first global law firm providing capital-markets expertise. This has major implications for competitors and for the sorts of client such a firm will attract – banks, investment institutions and multinational companies.
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